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Jared and Katherine Solomon, co-founders of Five Iron Golf, have invested in the New York Golf Club (NYGC), the city's team in the TGL league co-founded by Tiger Woods and Rory McIlroy. Five Iron Golf will serve as NYGC's official watch party location, hosting events to engage the local golf community and promote the team's matches.
Pinnacle Golf Properties has been selected by Walden Golf Group to manage Serenoa Golf Club in Sarasota, Florida. The management firm plans to implement innovative strategies to enhance the club's offerings and member experience.
Real estate investors are increasingly acquiring golf courses, with median sale prices rising nearly 23% to over $3 million compared to $2.5 million in 2023. This trend reflects a shift in investment focus and the growing popularity of golf.
Under new ownership, Carlisle Country Club in Pennsylvania plans a multi-million-dollar renovation of its clubhouse and golf course. The project aims to enhance member experience and position the club for future generations.
Steve Cohen, owner of the New York Mets, has purchased the New York Golf Club, a team in the TGL league co-founded by Tiger Woods and Rory McIlroy. This acquisition signifies Cohen's expansion into the golf industry.
NBCUniversal has secured an extension of its media rights agreement with the United States Golf Association (USGA) to continue broadcasting the U.S. Open through 2032. This deal also includes coverage of the U.S. Women's Open and U.S. Senior Open, with streaming available on Peacock. Additionally, all 11 USGA championships, both professional and amateur, will remain within the NBCUniversal family, including on Golf Channel and USA Network. Enhancements to the broadcast include an extra hour of prime-time coverage on Thursdays and Fridays for the U.S. Open.
Arcis Golf, the second-largest owner and operator of golf facilities in the United States, has expanded its portfolio by acquiring three nationally recognized golf courses: Grayhawk Golf Club in Scottsdale, Arizona; Angel Park Golf Club in Las Vegas, Nevada; and Tijeras Creek Golf Club in Rancho Santa Margarita, California. This acquisition marks Arcis Golf's 13th club acquisition in less than two years, bringing its total to nearly 70 clubs nationwide. The company plans to invest in these properties to enhance amenities and services for members and guests.
Concert Golf Partners, a boutique owner-operator of private golf and country clubs, has received a strategic investment from Centroid Investment Partners, the owner of TaylorMade Golf Company. This partnership aims to support Concert Golf's portfolio expansion and club enhancement initiatives. Centroid's involvement brings additional expertise and resources to Concert Golf, furthering its mission to enhance membership experiences and expand its portfolio of private clubs.
Club Champion, one of the largest premium custom golf club fitting retailers in the world, has been acquired by Levine Leichtman Capital Partners. Since its founding in 2010, Club Champion has expanded to over 100 locations nationwide, offering tour-quality golf club fittings. This acquisition is expected to support Club Champion's continued growth and expansion in the golf retail market.
The Trump Organization has sold its operating rights to the Trump Golf Links Ferry Point, a public golf course in the Bronx, to Bally's Corporation. This transfer of control marks the end of the city's efforts to dissociate the course from former President Trump, particularly after the January 6th Capitol attack. Bally's plans to rebrand the course and integrate it into its portfolio, aligning with its aspirations to establish a casino in New York City.
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